Regulations on pre-issuance disclosure of information in Vietnam in 2020

According to Clause 9 Article 1 of Decree No. 81/2020/NĐ-CP of Vietnam’s Government amending Clause 1 and Clause 2 Article 22 of Decree No. 163/2018/NĐ-CP, at least 03 working days before the planned date of organizing the bond issue, the issuer shall publish information before the bond issue for the investors registering for bond purchase and send the published information to the Stock Exchange.

- The information published before the bond issue is made according to the form in Appendix 1 enclosed with Decree No. 163/2018/NĐ-CP;

- With regard to the issuance of green bonds, in addition to the information to be published prescribed in Point a of this Clause, the issuer shall publish information about management and disbursement of funds raised from the issuance of green bonds as prescribed in Clause 4 Article 5 of Decree No. 163/2018/NĐ-CP;

- The issuer shall send the information published before the bond issue to investors registering for bond purchase and the Stock Exchange in the form of paper or electronic documents.

For corporate bonds issued in multiple tranches:

- For the first tranche of bond issue, the publishing of information before the tranche shall comply with the above provisions.

- For the following tranches, at least 03 working days before the tranche, the issuer shall provide additional documents as prescribed in Clause 2 Article 13 hereof for investors registering for bond purchase and also the Stock Exchange.

The Stock Exchange shall receive information to be disclosed prior to issuance for synthesis of information about current conditions of issuance of corporate bonds.

View more relevant contents at Decree No. 81/2020/NĐ-CP of Vietnam’s Government, effective from September 01, 2020.

Thu Ba

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